and approves the amendments to the Company’s Articles of Association in Article 10 regarding the issuance and transfer of shares, Article 27 regarding the board of directors’ meeting and Article 36
) dated 19 September 2003 (including the amendments thereof) (“Notifications on Connected Transactions”). The Company speculates that the payment of shares and the transfer of the ordinary shares of KPN
Thornton Services Limited as its independent financial advisor to carry out such functions as required by the Notifications on Connected Transactions. In this connection, the Company did not execute any
and the Seller transfer the shares and make the payment according to the Shares Purchase Transaction, and based on the assumption that all GLOW shareholders have accepted the tender offer for the entire
securities. Should the conditions precedent be fulfilled and the Company and the Seller transfer the shares and make the payment according to the Shares Purchase Transaction, and based on the assumption that
plants in Japan, including delivery of share certificates and share transfer instruments. 6. Basis used to determine the value of consideration The value of consideration is derived from negotiation
plants in Japan, including delivery of share certificates and share transfer instruments. 6. Basis used to determine the value of consideration According to the agreed price between the purchaser and the
million - 17 - and completion of restructuring plan for TSEO to hold 8 solar power plants in Japan, including delivery of share certificates and share transfer instruments. 6. Basis used to determine the
Company shall then transfer the asset to the highest bidder, under the condition that the price of each asset, regardless of any circumstance, shall not be lower than the “base price” approved by the